Risk Manager

A Saint Lucia-based forex brokerage with operations in Lahore, Pakistan, is seeking an experienced Risk Manager to lead the development and oversight of its risk management framework for a new independent forex business. The successful candidate will be responsible for establishing risk policies, monitoring client and aggregate trading exposures, setting risk limits, and designing effective hedging and exposure-control strategies. This role requires managing margin and leverage risks, implementing comprehensive risk monitoring and reporting procedures, and working closely with senior management, compliance, finance, operations, and technology teams to ensure compliance with the approved risk appetite and regulatory requirements. The ideal candidate will bring strong expertise in forex or CFD brokerage risk management, market exposure analysis, hybrid execution models, hedging strategies, stress testing, and retail trading risk controls.

Key Responsibilities

- Develop and implement a comprehensive risk management framework in preparation for the business launch.
- Manage hybrid A-Book/B-Book risk models, balancing internalisation and external hedging exposures.
- Monitor market risk and trading exposures at both client and aggregate levels.
- Oversee hedging risk and counterparty exposure to minimize financial vulnerabilities.
- Manage margin, leverage, and liquidation risks to safeguard the brokerage’s financial stability.
- Conduct stress testing and scenario analysis to assess risk under adverse market conditions.
- Perform trading surveillance to detect and address abnormal or suspicious trading activities.
- Prepare timely, accurate risk reports and maintain governance standards.
- Collaborate cross-functionally with senior management, compliance, finance, operations, and technology teams to ensure integrated risk management practices.

Required Qualifications

- 3 to 5+ years of experience in market risk, forex brokerage risk management, CFD brokerage operations, or related financial services roles.
- Proven track record in managing or designing risk controls specifically for retail forex or CFD brokerages.
- Deep understanding of hybrid A-Book/B-Book execution models and associated risks related to internalisation and external hedging.
- Hands-on experience with exposure monitoring, position limits, hedging policies, and concentration risk management.
- Skilled in developing stress tests, scenario analyses, risk dashboards, and management reporting tools.
- Demonstrated ability to build risk policies and procedures from the ground up, particularly in a pre-launch or startup business environment.

Performance Indicators

Success in this role will be measured by the completion and implementation of the risk management framework, establishment and maintenance of approved risk limits, accuracy and timeliness of risk reporting, effectiveness in monitoring market exposure and concentration risks, prompt escalation and resolution of risk-limit breaches, completion of scheduled stress tests and scenario analyses, thorough risk assessments for new products and significant business changes, and continuous improvement in risk controls, reporting quality, and governance practices.

Additional Details

The position is based in Lahore, Pakistan, and requires onsite work. Candidates should have 3 to 5 years of relevant experience specifically in forex or brokerage risk management. This role offers a unique opportunity to shape the risk management function of a growing forex brokerage within a dynamic and collaborative environment.